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Russian banking sector assets in Azerbaijan lowered

04.08.2021,17:22


August 4, Fineko/abc.az. As of 1 April 2021 the assets of the Russian banking sector in Azerbaijan amounted to $705.4 million.

ABC.AZ reports with reference to the Central Bank of Russia that this indicator decreased by 1.3% versus the beginning of 2021.

As of 1 April 2021 the liabilities of the Russian banking sector in our country amounted to $346.89 million (11.6% less than a year earlier). Thus, the balance of external assets and liabilities of the Russian banking sector in Azerbaijan amounted to $358.51 million.

The assets of the Russian banking sector in Azerbaijan are understood as the cost of financial requirements for residents of Russian banks in Azerbaijan. As for obligations, financial obligations to residents of Russian banks in the country are reflected here.